# The Finance Act, 1968, Section 3: Annuity deposit

- Act: The Finance Act, 1968 (Act 19 of 1968)
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-1968/section/3/

## Text

Annuity deposit 3. (1) Save as otherwise provided in Chapter XXIIA of the Income-tax Act, annuity deposit for the assessment year commencing on the 1st day of April, 1968 shall be made by every person to whom the provisions of that Chapter apply, at the rate or rates specified in the Second Schedule. (2) For the purposes of this section and the Second Schedule, the expressions "adjusted total income", "annuity deposit" and "depositor" have the meanings respectively assigned to them under clauses (1), (5) and (6) of section 280B of the Income-tax Act. [Finance Act, 1968] © Copyright. Taxmann Publications Pvt. Ltd.

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